Can foreigners really own property in Mexico?

es! Today, Mexican laws give foreigners the ability to own real estate in Mexico. There is, however, a Restricted Zone that extends 50 km inland from the coastline. Outside the Restricted Zone, a foreigner may acquire land and be direct owners of the property with all the rights of a Mexican national in compliance with Mexican Law. Inside the Restricted Zone, there are two alternatives for foreigners who wish to buy real estate. Since 1973, foreigners have been able to purchase coastal property through a Mexican bank trust, known as a Fideicomiso.

Can I get financing for my real estate purchase in Mexico?

Unfortunately, at this time, there are no financing or mortgage options for foreign buyers in Quintana Roo. This can change at any time and updates will be posted.

What about the availability of title insurance?

Beginning in 1996, Stewart Title Mexico began underwriting title insurance for Mexican properties at an approximate cost of 1% of the insured amount. Other types of insurance, including property, liability, damage, and earthquake, are all readily available in Mexico, at low cost, and policies can be written to pay claims in U.S. dollars.

What can I expect to pay in property taxes?

Property taxes have historically been low in Mexico because they have never been considered a source of governmental revenue. Known as Predial, the tax is calculated as a percentage (currently .25% of the assessed value), determined at the time of sale. Generally speaking, you can expect to pay $100usd per $100,000usd of assessed value yearly.

Who will manage my property when I am not using it?

Choosing the right Property Management company can mean the difference between an excellent appreciating investment and a huge liability. If you are a property owner in search of Property Management, we are happy to be able to refer you to the best, most professional Property Management companies and will gladly arrange a meeting with their teams. The right management company for you will take the time to a construct a cohesive plan that will best serve your particular needs and help you to realize your property's maximum potential and protect your investment.

Why should I consider buying property in Mexico?

The coastal real estate market in Mexico is booming. Mexico's economy, the 9th largest in the world, values and encourages foreign investment dollars and especially tourism; Mexico is a top world-destination for both vacation and retirement among US and Canadian

Playa Del Carmen and Tulum Mexico Real Estate | Zilha 42 PH | Condo for sale in Playa Del Carmen

Zilha 42 PH

Zazil Ha (Playa del Carmen, Quintana Roo, MX - 77710)…

2Beds 2Baths $440,000USD

$440,000 USD
$7,607,600 MXP
Estimate only. Updated Daily.

Sarah Fouts

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For Sale

Property Description

Property Type: Condo
Status: For Sale
Location: Playa Del Carmen
Property Size: 139.4 sq. mt
Property ID: 550530145
Beds: 2
Baths: 2

Gorgeous penthouse for sale near the beach and 5th Avenue

This two-story penthouse features an unbeatable location just north of the downtown area in Playa del Carmen’s popular Zazil Ha neighborhood. With easy access to the gorgeous white sandy beaches and sweeping Caribbean Sea views, this neighborhood offers an enviable beach lifestyle. This is one of the best locations in the city and attracts a steady stream of vacation renters, guaranteeing its constant rental occupancy and ensuring a healthy return on your investment for many years to come.

Located on the 5th and 6th floor of the Zilha 42 building, this bright and spacious 2-bedroom, 2-bath penthouse has everything you could want in a vacation home or a year-round residence. It has a fully equipped kitchen with an island, premium appliances, and double height ceilings. The living room opens out onto a covered balcony with city views, perfect for enjoying your morning coffee and breakfast or an evening glass of wine. The second floor opens out onto a private rooftop terrace with a heated plunge pool and sunset views. This condo is beautifully maintained with tile floors and top-quality finishes. It comes equipped with ceiling fans, air conditioning, a washer and dryer, and solar panels for green energy. It is being offered for sale fully furnished and ready for you to make it your own.

You and your guests will love the incredible shared rooftop with an infinity pool, a jacuzzi, a sunbathing area, and an outdoor grill. This is a lovely spot to bask in the sun or dine al fresco under the stars. The condo building is safe and secure with controlled access and 24-hour security. It has a front desk, elevator access, and parking. This area also offers reliable, high-speed internet access.

This luxurious penthouse condo offers excellent amenities and a fantastic location at a good price. Contact one of our friendly and knowledgeable agents today for more information.